Funny posting on planet gnome today: A message to liberals. No comments enabled on that blog. Not nice: Post to some closed circle (forum, social network, ...) if you fear feedback.
A quick look at the situation in Greece and UK should be enough to understand where this is going.
In Greece was ruined by some pervert kind of socialism: Use cheap money to give the population unreasonable gifts, to ignore tax evasion, to bloat public service beyond all sanity, to pay unreasonable wages.
UK is a different story, they indeed have some quite liberal society. To me it seems they somehow failed to regulate their finance market by a) not properly taxing it b) moving the risk from share holders to tax payers c) letting banks betray citizens by handing out unjustified loans. This all caused a giant finance bubble and massive brain drain in producing industries.
Notice that in liberal theory governments are required to create proper basic conditions, enforcing sane behavior. Letting people just do what they want is anarchy, not liberalism.